SUBSCRIBE

Breaking News on Food & Beverage Development - EuropeUS edition | Asian edition

News > Market Trends

Tyson-IBP tender offer completed

The American poultry group Tyson Foods Inc. said it had completed its tender offer for beef processor IBP Inc., bringing closer to fruition an exhaustive...

NZ Dairy Foods demands stronger competition measures

Additional measures are needed to protect competition in the domestic New Zealand milk sector, NZ Dairy Foods said on Monday. NZ Dairy Foods is...

Interbrew to buy Becks beer

Belgian brewer Interbrew said on Monday it had agreed to acquire the whole of privately-owned German beer brewer Beck GmbH & Co for 3.5 billion...

Croda reports profit loss in 2Q

Croda, the UK chemicals company, said its move to focus on higher-margin oleochemicals had cushioned it against the sharp downturn that has affected most chemical...

Unilever Q2 profits on the rise

The Anglo-Dutch consumer products group Unilever Plc/NV reported a higher than expected 54 per cent rise in Q2 profits on August 3 and said it...

ADM reports cash dividend

On August 2, the Directors of the US agribusiness giant Archer Daniels Midland Company declared a dividend of five cents a share on the company's...

Sara Lee's earnings gets boost from divestitures

On August 2, the American consumer product group Sara Lee reported that Q4 net earnings more than tripled, mostly on proceeds from divestitures and spin-offs...

Del Monte reports rising earnings

Del Monte Foods Co., the largest distributor of branded fruit, on August 2 said its fiscal Q4 earnings rose 37 per cent on an adjusted...

Bunge's shares fall

The American agribusiness group Bunge Limited became a public company on August 2 with the start of trade on its newly issued shares, reports the...

Frozen Mexican foods added to Heinz's portfolio

The H.J. Heinz Company announced on August 2 that it has acquired the maker of frozen Mexican foods Delimex Holdings, Inc., from Fenway Partners, Inc.,...

PepsiCo and Quaker finally merged

On August 2, PepsiCo announced it has completed its merger with The Quaker Oats Company, creating a $25 bn food and beverage company. "This is...

San Miguel reports rising net profits

The Philippines food and beverage group San Miguel announced that net profit for the first-half rose 11.8 per cent to 3.8bn pesos ($70.9m), boosted by...

Hain Celestial expands European activities

On August 2, the natural and organic food company Hain Celestial Group announced two new developments to expand the distribution of its brands throughout Europe,...

Unilever moves tea plant to Indonesia

Unilever Plc/NV, the Anglo-Dutch consumer products giant, announced on August 1 that it would shut its black tea blending and packing plant in Australia and...

Hershey acquires Brazilian confectionery

On August 1, Hershey Foods Corp. announced it acquired Brazilian chocolate and confection maker Visagis, which will give the US chocolate maker a manufacturing presence...

Sales boost Weston's profits

Canada's largest food processor and distributor George Weston Ltd. said on August 1 that Q2 earnings rose on solid sales in its food processing and...

PepsiCo-Quaker deal approved

After months of baited breath soft drinks giant PepsiCo Inc. finally obtained the approval, albeit by a hair's breadth, to buy Quaker Oats Co. and...

Saputo Q1 results up

Saputo Inc, the largest dairy processor in Canada reported on August 1 that its first-quarter profit climbed by a third over the same quarter last...

Purple ketchup hits the shelves

US food giant H.J. Heinz Co on Tuesday launched purple ketchup to amuse children at the dinner table. The Heinz EZ Squirt Funky Purple...

Meal ban forces rise in meat prices

Retail prices of livestock and poultry are expected to increase in the Philippines as local producers predict a possible rise in the prices of animal...

New World meets Borden Pasta

New World Pasta, a maker and marketer of pasta, said on Monday it has acquired the remaining pasta businesses of the Borden Pasta Group from...

Decision on Pepsi-Gatorade purchase imminent

The Federal Trade Commission (FTC) is getting ready to vote as early as Wednesday on whether to try to block PepsiCo Inc.'s proposed $13.8 billion...

Bayer close to Aventis agrochemical purchase

German chemicals group Bayer AG is edging towards a deal to buy the agrochemicals arm of Franco-German drugs group Aventis SA for around 7.25 billion...

Mexican Cola to target bottlers

Mexican soft drinks firm Coca-Cola Femsa said Monday it planned to use its strong cash balance as a "war chest" for the possible acquisition of...

Delays for Diageo/General Mills deal

Cereal maker General Mills Inc. on Monday said that its pending deal to acquire the Pillsbury food unit of London-based beverage conglomerate Diageo Plc is...

Key Industry Events